PIT vs. RNWZ

Last updated Jun 14, 2026

PIT (VanEck Commodity Strategy ETF) and RNWZ (TrueShares Eagle Global Renewable Energy Income ETF) are both exchange-traded funds - PIT is a Commodities fund actively managed by VanEck, while RNWZ is a Energy Equities fund actively managed by TrueShares. Both are actively managed. Over the past 3 years, PIT returned 21.53%/yr vs 11.78%/yr for RNWZ. At a 0.13 correlation, their price movements are largely independent. PIT charges 0.55%/yr vs 0.75%/yr for RNWZ.

Performance

PIT vs. RNWZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Commodity Strategy ETF (PIT) and TrueShares Eagle Global Renewable Energy Income ETF (RNWZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PIT achieves a 32.48% return, which is significantly higher than RNWZ's 15.40% return.

PIT

• 1D: -1.00%
• 1M: -9.34%
• YTD: 32.48%
• 6M: 34.12%
• 1Y: 45.92%
• 3Y*: 21.53%
• 5Y*: —
• 10Y*: —

RNWZ

• 1D: 0.06%
• 1M: 0.92%
• YTD: 15.40%
• 6M: 17.62%
• 1Y: 34.43%
• 3Y*: 11.78%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PIT vs. RNWZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PIT VanEck Commodity Strategy ETF	32.48%	21.63%	6.77%	-4.54%	1.67%
RNWZ TrueShares Eagle Global Renewable Energy Income ETF	15.40%	36.33%	-7.36%	-3.89%	-0.40%

Correlation

The correlation between PIT and RNWZ is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (All Time) Calculated using the full available price history since Dec 22, 2022	0.13

Return for Risk

PIT vs. RNWZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PIT

PIT Risk / Return Rank: 82
PIT Sharpe Ratio Rank: 82
PIT Sortino Ratio Rank: 73
PIT Omega Ratio Rank: 78
PIT Calmar Ratio Rank: 89
PIT Martin Ratio Rank: 87

RNWZ

RNWZ Risk / Return Rank: 80
RNWZ Sharpe Ratio Rank: 79
RNWZ Sortino Ratio Rank: 78
RNWZ Omega Ratio Rank: 76
RNWZ Calmar Ratio Rank: 89
RNWZ Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PIT vs. RNWZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Commodity Strategy ETF (PIT) and TrueShares Eagle Global Renewable Energy Income ETF (RNWZ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	PIT	RNWZ	Difference
Sharpe ratio: Return per unit of total volatility	2.28	2.23	+0.04
Sortino ratio: Return per unit of downside risk	2.84	3.04	-0.19
Omega ratio: Gain probability vs. loss probability	1.40	1.39	+0.01
Calmar ratio: Return relative to maximum drawdown	4.66	4.81	-0.15
Martin ratio: Return relative to average drawdown	15.95	12.90	+3.04

PIT vs. RNWZ - Sharpe Ratio Comparison

The current PIT Sharpe Ratio is 2.28, which is comparable to the RNWZ Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of PIT and RNWZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PIT vs. RNWZ - Drawdown Comparison

The maximum PIT drawdown since its inception was -12.27%, smaller than the maximum RNWZ drawdown of -24.90%. Use the drawdown chart below to compare losses from any high point for PIT and RNWZ.

Drawdown Indicators

	PIT	RNWZ	Difference
Max Drawdown Largest peak-to-trough decline	-12.27%	-24.90%	+12.63%
Max Drawdown (1Y) Largest decline over 1 year	-10.56%	-7.07%	-3.49%
Max Drawdown (3Y) Largest decline over 3 years	-12.27%	-24.74%	+12.47%
Current Drawdown Current decline from peak	-10.56%	-5.19%	-5.37%
Average Drawdown Average peak-to-trough decline	-4.02%	-7.17%	+3.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.08%	2.63%	+0.45%

Volatility

PIT vs. RNWZ - Volatility Comparison

VanEck Commodity Strategy ETF (PIT) and TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) have volatilities of 4.99% and 5.01%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PIT	RNWZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.99%	5.01%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	19.29%	12.10%	+7.19%
Volatility (1Y) Calculated over the trailing 1-year period	21.58%	15.25%	+6.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.50%	16.98%	+0.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.50%	16.98%	+0.52%

PIT vs. RNWZ - Expense Ratio Comparison

PIT has a 0.55% expense ratio, which is lower than RNWZ's 0.75% expense ratio.

Dividends

PIT vs. RNWZ - Dividend Comparison

PIT's dividend yield for the trailing twelve months is around 6.73%, more than RNWZ's 1.94% yield.

Position	TTM	2025	2024	2023	2022
PIT VanEck Commodity Strategy ETF	6.73%	8.92%	3.59%	6.44%	0.00%
RNWZ TrueShares Eagle Global Renewable Energy Income ETF	1.94%	2.12%	2.36%	3.87%	0.01%

Frequently Asked Questions

Can I hold both PIT and RNWZ in my portfolio?

PIT and RNWZ have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PIT or RNWZ?

RNWZ has higher volatility (5.01%) compared to PIT (4.99%). In terms of maximum drawdown, PIT dropped -12.27% vs RNWZ's -24.90%.

Which ETF is better, PIT or RNWZ?

On 3-year performance, PIT leads with 21.53% vs 11.78% for RNWZ. On fees, PIT is cheaper at 0.55% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PIT or RNWZ?

Over the 3-year period, PIT has performed better with a 21.53% return vs 11.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PIT or RNWZ?

PIT is cheaper with a 0.55% expense ratio, compared with 0.75% for RNWZ.

Which ETF pays a higher dividend yield, PIT or RNWZ?

PIT has the higher dividend yield at 6.73%, compared with 1.94% for RNWZ.

What is the main difference between PIT and RNWZ?

PIT is categorized as Commodities, while RNWZ is Energy Equities. They also come from different issuers: VanEck and TrueShares. Their fees differ too: 0.55% for PIT and 0.75% for RNWZ.

Which has better risk-adjusted returns?

PIT currently has the higher Sharpe Ratio (2.28 vs 2.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.